Zacks Research Increases Earnings Estimates for Stratasys

Stratasys Ltd. (NASDAQ:SSYS) – Equities research analysts at Zacks Research increased their FY2024 EPS estimates for shares of Stratasys in a research report issued to clients and investors on Wednesday, December 4th. Zacks Research analyst R. Department now expects that the technology company will post earnings of ($0.36) per share for the year, up from their previous estimate of ($0.43). The consensus estimate for Stratasys’ current full-year earnings is ($0.40) per share. Zacks Research also issued estimates for Stratasys’ Q4 2024 earnings at $0.01 EPS, Q1 2025 earnings at ($0.03) EPS, Q2 2025 earnings at ($0.01) EPS, Q3 2025 earnings at $0.01 EPS, FY2025 earnings at ($0.07) EPS, Q1 2026 earnings at $0.23 EPS, Q2 2026 earnings at $0.28 EPS, Q3 2026 earnings at $0.43 EPS and FY2026 earnings at $1.55 EPS.

Several other equities analysts have also commented on SSYS. Loop Capital dropped their target price on Stratasys from $9.00 to $7.00 and set a “hold” rating for the company in a research note on Thursday, September 5th. Lake Street Capital dropped their price objective on shares of Stratasys from $15.00 to $11.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Craig Hallum raised their target price on shares of Stratasys from $12.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Needham & Company LLC boosted their target price on shares of Stratasys from $10.00 to $12.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Finally, Cantor Fitzgerald decreased their price target on shares of Stratasys from $23.00 to $12.00 and set an “overweight” rating on the stock in a report on Friday, August 30th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $11.40.

Stratasys Stock Up 6.5 %

Shares of Stratasys stock opened at $10.22 on Monday. Stratasys has a fifty-two week low of $6.05 and a fifty-two week high of $14.93. The business’s fifty day moving average is $8.31 and its two-hundred day moving average is $8.18. The firm has a market cap of $729.50 million, a PE ratio of -7.74 and a beta of 1.31.

Stratasys (NASDAQ:SSYS) last posted its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.05. Stratasys had a negative net margin of 16.13% and a negative return on equity of 3.75%. The business had revenue of $140.00 million during the quarter, compared to analyst estimates of $139.49 million. During the same quarter in the previous year, the business posted ($0.05) earnings per share. The company’s revenue was down 13.6% on a year-over-year basis.

Hedge Funds Weigh In On Stratasys

A number of hedge funds have recently made changes to their positions in the business. Tidal Investments LLC increased its holdings in Stratasys by 4.6% in the 3rd quarter. Tidal Investments LLC now owns 56,176 shares of the technology company’s stock valued at $467,000 after purchasing an additional 2,483 shares in the last quarter. Barclays PLC boosted its position in shares of Stratasys by 1.9% in the third quarter. Barclays PLC now owns 80,454 shares of the technology company’s stock worth $669,000 after buying an additional 1,525 shares during the period. Geode Capital Management LLC grew its stake in shares of Stratasys by 42.2% in the third quarter. Geode Capital Management LLC now owns 67,398 shares of the technology company’s stock valued at $560,000 after buying an additional 20,012 shares in the last quarter. Jane Street Group LLC grew its stake in shares of Stratasys by 17.4% in the third quarter. Jane Street Group LLC now owns 103,218 shares of the technology company’s stock valued at $858,000 after buying an additional 15,318 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of Stratasys by 1.4% during the 3rd quarter. State Street Corp now owns 105,578 shares of the technology company’s stock valued at $877,000 after buying an additional 1,500 shares during the period. Hedge funds and other institutional investors own 75.77% of the company’s stock.

Stratasys Company Profile

Stratasys Ltd. provides connected polymer-based 3D printing solutions. It offers range of 3D printing systems, which includes polyjet printer, Fused Deposition Modeling (FDM) printers, stereolithography printing systems, origin P3 printers, and selective absorption fusion printer for additive manufacturing, and tooling and rapid prototyping for various vertical markets, such as automotive, aerospace, consumer products and healthcare.